Automatic money dispenser and method

Communications: electrical – Digital comparator systems

Patent

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Details

235379, 235381, H04Q 900, G06K 500, G06F 700

Patent

active

042491630

ABSTRACT:
The dispenser is operable with an identification card carrying all data necessary for dispensing of money, and either a code number or a check, also carrying all data necessary for dispensing of money, and the dispenser is connected to a central computer having access to all data relative to a dispensation of money. The card contains automatically readable information identifying the issuing bank and, when the card is inserted into the dispenser, it is checked for authenticity in a card check and is read in a reading station, the card check and the reading station supplying outputs to a control unit and the reading station supplying an output to a comparator and an outout to blocked accounts store. The card then passes through an on-off line reading station, whose output is connected to the control unit, and to a gate station where the card is temporarily retained. Responsive to the inputs thereto, the control unit activates a display to advise the customer whether money can be dispensed either responsive to insertion of only a check carrying all data necessary for dispensing of money, or only punching of a customer's code number into a keyboard, or whether money can be dispensed only responsive to insertion of the check.

REFERENCES:
patent: 3941977 (1976-03-01), Yoss et al.
patent: 3956615 (1976-05-01), Anderson et al.
patent: 3985998 (1976-10-01), Crafton
patent: 4114027 (1978-09-01), Slater et al.

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